JEFFERSON ECONOMIC DEVELOPMENT INSTITUTE

EIN: 911764897 501(c)(3) Community Improvement

MOUNT SHASTA, CA

Total Revenue
$1,100,719
Total Expenses
$1,069,020
Total Assets
$314,057
Net Assets
$115,843
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Principal Officer
NANCY SWIFT
Phone
5309266670
Tax Period
2024-10-01 to 2025-09-30

JEFFERSON ECONOMIC DEVELOPMENT INSTITUTE, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum.

Mission

JEDI'S MISSION IS TO INCREASE THE ECONOMIC WELL-BEING OF PEOPLE AND COMMUNITIES THROUGH BUSINESS DEVELOPMENT AND LOCAL WEALTH CREATION. THROUGH THIS MISSION, JEDI IS ADDRESSING THE ROOT CAUSES OF RURAL POVERTY AND ECONOMIC DEVELOPMENT. SINCE 1996 IT HAS SUPPORTED OVER 6,700 PEOPLE IN GROWING A BUSINESS, CREATED 1,700 BUSINESSES AND JOBS, AND 70 HAVE RECEIVED FINANCING OF APPROXIMATELY 7.6 MILLION.

Program Service Accomplishments

Program 1
Expenses: $964,293 Revenue: $11,805

THE JEFFERSON ECONOMIC DEVELOPMENT INSTITUTE (JEDI) IS A NONPROFIT ORGANIZATION DEDICATED TO INCREASING THE ECONOMIC WELL-BEING OF PEOPLE AND COMMUNITIES THROUGH BUSINESS DEVELOPMENT AND LOCAL WEALTH...

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THE JEFFERSON ECONOMIC DEVELOPMENT INSTITUTE (JEDI) IS A NONPROFIT ORGANIZATION DEDICATED TO INCREASING THE ECONOMIC WELL-BEING OF PEOPLE AND COMMUNITIES THROUGH BUSINESS DEVELOPMENT AND LOCAL WEALTH CREATION. JEDI ASSISTS LOW AND MODERATE INCOME FAMILIES TO THRIVE FINANCIALLY BY BUILDING SUSTAINABLE BUSINESSES AND ASSETS. OVER THE PAST 27 YEARS, JEDI HAS SERVED OVER 14,000 INDIVIDUALS WHO STARTED OVER 1,300 BUSINESSES AND ADDED NEW JOBS IN THIS RURAL FRONTIER REGION OF NORTHERN CALIFORNIA. JEDI HAS BROUGHT CLOSE TO 8 MILLION INTO THE COUNTY IN SUPPORT OF SMALL BUSINESS DEVELOPMENT AND ASSISTED BUSINESSES TO ACQUIRE OVER 15,000,000 IN BUSINESS CAPITAL. JEDI HOSTS AN SBA-DESIGNATED WOMEN'S BUSINESS CENTER SINCE 2014 WHICH SERVES A 4-COUNTY REGION IN NORTHERN CA. JEDI ALSO HOSTS AN IRS-DESIGNATED FREE TAX PREPARATION SITE CALLED VITA (VOLUNTEER INCOME TAX ASSISTANCE). JEDI ALSO HOSTS THE MOUNT SHASTA FARMERS' MARKET SERVING RANCHERS AND FARMERS THROUGHOUT SISKIYOU COUNTY FOR THE LAST 25 YEARS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,086,852
Program Service Revenue $11,805
Investment Income $0
Other Revenue $2,062
TOTAL REVENUE $1,100,719

Expense Breakdown

Grants Paid $23,000
Salaries & Benefits $725,363
Fundraising Expenses $11,749
Program Expenses $964,293
Other Expenses $320,657
TOTAL EXPENSES $1,069,020

Year-over-Year Comparison

2024 2023 Change
Revenue $1,100,719 $758,600 +0.5%
Expenses $1,069,020 $827,656 +0.3%
Net Income $31,699 $-69,056 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
12
Volunteers
24

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$88,333
Total Directors
5
$88,333
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY SWIFT EXECUTIVE DI 40.00
Officer Director
$88,333 $0 $88,333
STACEY SANCHEZ BOARD TREASU 1.00
Director
$0 $0 $0
ANGELA CORDELL BOARD SECRET 1.00
Director
$0 $0 $0
ERIKA CARPENTER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
DANNA PRATER VP COM. DEVE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,100,719 $1,069,020 $314,057 $31,699
2024 $758,600 $827,656 $244,935 $-69,056
2023 $814,805 $849,563 $279,804 $-34,758
2022 $979,343 $852,174 $287,420 $127,169
2022 $979,343 $852,174 $287,420 $127,169
2021 $798,620 $757,677 $142,879 $40,943
2020 $577,008 $547,083 $185,630 $29,925
2020 $565,392 $547,083 $185,630 $18,309
2019 $531,893 $523,596 $158,597 $8,297
2018 $419,790 $415,160 $97,834 $4,630
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